Business
Hostopia stockholders approve merger agreement with Deluxe Corporation
MISSISSAUGA, ON and FT. LAUDERDALE, FL, July 30 /CNW/ - Hostopia.com Inc. (TSX: H) (the "Company"...
About this update from Pure Energy Minerals Ltd.
[{"type":"text","content":"\n\n\n\nMISSISSAUGA, ON and FT. LAUDERDALE, FL, July 30 /CNW/ - Hostopia.com Inc.\n(TSX: H) (the "Company") today announced that stockholders have approved the\nadoption of the Agreement and Plan of Merger (the "Merger Agreement"), dated\nas of June 18, 2008, among the Company, Deluxe Corporation (NYSE: DLX),\n("Deluxe"), Deluxe Business Operations, Inc. ("Operating Sub"), a wholly-owned\nsubsidiary of Deluxe, and Helix Merger Corp., a wholly-owned subsidiary of\nOperating Sub (the "Merger"), at a special meeting of stockholders held today.\nOne hundred percent of the votes cast by stockholders, in person or by proxy,\nwere in favor of the Merger (representing approximately 71% of the outstanding\nshares of Hostopia common stock). No Hostopia stockholders have exercised\nrights of dissent in connection with the Merger.\n\n\nThe transaction is valued at approximately CDN$124 million and was\npreviously announced by Deluxe and the Company on June 19, 2008. Further\ndetails of the Merger and Merger Agreement are set out in the Company's\nmanagement information circular dated June 27, 2008.\n\n\nIn accordance with the terms of the Merger Agreement, the transaction\nclosed shortly after the stockholder vote and a certificate of merger has been\nfiled with the Delaware Secretary of State, under which the merger is to\nbecome effective as of 12:01 a.m. on August 6, 2008 (the "Effective Time"). At\nthe Effective Time, Deluxe, through a wholly-owned subsidiary, will acquire\nall of the issued and outstanding shares of the Company's common stock at a\ncash price of CDN $10.55 per share.\n\n\nThe Company's shares of common stock will be halted from trading on the\nToronto Stock Exchange at the opening of trading on August 6, 2008 and will\nremain halted until the close of trading on August 6, 2008, at which time the\nshares will be de-listed.\n\n\nOn or about August 12, 2008, letters of transmittal will be mailed to the\nCompany's stockholders of record as of the close of business on \nAugust 5, 2008, requesting them to forward the duly completed and executed\nletters of transmittal together with the certificate(s) representing their\nshares of the Company's common stock to Wells Fargo Bank, N.A. in St. Paul,\nMinnesota in order to receive the cash to which they are entitled.\nNon...